Square IPO to test Dorsey's ability to run two companies
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Square (SQ) Notes Raw Deal with Starbucks (SBUX) in IPO Filing
October 14, 2015 4:56 PM EDTPayment processor Squre (NYSE: SQ) filed for an IPO of its common stock today.
Square said its revenue for 2014 increased 54 percent to $850.2 million. Adjusted EBITDA for 2015 was negative $67.74 million, from negative $51.53 million the prior year.
Square also said, In 2014, sellers using Square processed $23.8 billion of GPV, which was generated by 446 million card payments from approximately 144 million payment cards. GPV measures the total dollar amount of card payment transactions we process for our sellers (net of... More
